Todays price action - GET USE TO IT
- Thread starter Joab
- Start date
<i>"It's me Joab, not some snot nose newbie..."</i>
Well, the ES and TF were giving free money away on the short side all morning. Nil wild whipsaws, pretty deliberate breaks lower from consolidations. The TF is particularly smooth... reminds me of ER2 from the glory days before it became heavily arbed.
If today is how stock-index price action will be forever, we've been blessed above & beyond all possible hope
Well, the ES and TF were giving free money away on the short side all morning. Nil wild whipsaws, pretty deliberate breaks lower from consolidations. The TF is particularly smooth... reminds me of ER2 from the glory days before it became heavily arbed.
If today is how stock-index price action will be forever, we've been blessed above & beyond all possible hope
Quote from Joab:
Prof ... please !
It's me Joab, not some snot nose newbie
Sorry, didn't mean to sound, snide and teacheresk. :eek:
Ok, increase the speed of your charts to give you more oscillations. More oscillations mean more trading decisions. More decisions mean more profit potential. The only problem with that is the faster the charts the more noise is integrated into the charts. More oscillations does mean you need to be more conservative.
During the Summer we increase the speed of our charts and it more than compensates for the lower liquidity. I agree with the other posters though that today is a bit more reserve but still more than tradable and readable.
Plenty of volatility in my stocks today, obiously not like last week but I would take this every day and be quite happy.
